With Pre-Seed Funding, Vernacular Podcast Platform Kuku FM Takes On Music Streaming Giants
Online music and podcasts streaming are on the rise in India. Having originally targeted metro cities, OTT music streaming apps are finding great success in traditionally less-digitized states. Spotify’s Diwali reports underlined this trend by revealing that Bihar led the way in the state-wise streaming charts for Diwali-related music.
Cybersecurity Startup Safehouse Technologies Secures Funding From Barclays Ventures
SafeHouse Technologies Ltd, a startup focussed on mobile-first cybersecurity, has raised USD 2.2 million (approximately INR 15.55 crore at current exchange rates) in a seed funding round led by Barclays UK Ventures, the venture capital business unit of British multinational financial services group Barclays.
Hoopy Raises Funds From Lead Angels, Venture Farmer
Bangalore-based vehicle maintenance startup Hoopy has raised an undisclosed amount in its recent round of fundraising from Bangalore-based family office Venture Farmer and Lead Angels Network. Venture Farmer's contribution was advised by CreedCap Asia Pvt. Ltd.
Transport Startup Piggyride Raises INR 7.5 Cr From JAFCO Asia, Angel Investors
Bengaluru-based transport service for kids, PiggyRide has raised INR 7.5 crore led by JAFCO Investment Asia Pacific, along with a clutch of angel investors, including InMobi’s Naveen Tewari; Livspace Co-founders Ramakant Sharma and Anuj Srivastava; Goldman Sachs' MD, Niladri Mukhopadhyay; Zipdial’s Amiya Pathak; and EzCred’s Sachin Maheshwari.
Experian Invests In Mobile Marketing Platform Vserv
Data, analytics, and decisioning company Experian have picked up a strategic stake in smart data mobile marketing platform Vserv Digital Services. While the deal size and amount were undisclosed, the company stated the investment was in line with its vision to boost financial inclusion, by ensuring a friction-free digital onboarding experience for its consumers.